Abbott Laboratories (ABT) Insider Sells $3,913,635.00 in Stock

Abbott Laboratories (NYSE:ABT) insider Daniel Gesua Sive Salvadori sold 71,157 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $55.00, for a total transaction of $3,913,635.00. Following the completion of the transaction, the insider now owns 144,955 shares of the company’s stock, valued at approximately $7,972,525. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Daniel Gesua Sive Salvadori also recently made the following trade(s):

  • On Monday, October 23rd, Daniel Gesua Sive Salvadori sold 96,603 shares of Abbott Laboratories stock. The stock was sold at an average price of $56.21, for a total transaction of $5,430,054.63.
  • On Tuesday, September 26th, Daniel Gesua Sive Salvadori sold 62,460 shares of Abbott Laboratories stock. The stock was sold at an average price of $52.95, for a total transaction of $3,307,257.00.

Shares of Abbott Laboratories (ABT) opened at $55.56 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.69 and a quick ratio of 2.26. Abbott Laboratories has a 1 year low of $37.38 and a 1 year high of $56.69. The company has a market cap of $96,707.79, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.08 and a beta of 1.06.

Abbott Laboratories (NYSE:ABT) last announced its earnings results on Wednesday, October 18th. The healthcare product maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.72 billion. Abbott Laboratories had a net margin of 8.37% and a return on equity of 13.98%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. research analysts expect that Abbott Laboratories will post 2.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 13th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, October 12th. Abbott Laboratories’s payout ratio is presently 83.47%.

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ABT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Abbott Laboratories from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 31st. Royal Bank Of Canada reiterated a “buy” rating and set a $55.00 target price on shares of Abbott Laboratories in a research report on Tuesday, October 3rd. Bank of America Corporation reiterated a “buy” rating and set a $60.00 target price (up previously from $56.00) on shares of Abbott Laboratories in a research report on Wednesday, October 4th. Barclays PLC reiterated an “overweight” rating and set a $57.00 target price (up previously from $52.00) on shares of Abbott Laboratories in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $65.00 target price on shares of Abbott Laboratories in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $56.81.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Villere ST Denis J & Co. LLC boosted its stake in Abbott Laboratories by 2.3% in the 2nd quarter. Villere ST Denis J & Co. LLC now owns 268,200 shares of the healthcare product maker’s stock worth $13,037,000 after purchasing an additional 5,950 shares during the period. Private Bank & Trust Co. boosted its stake in Abbott Laboratories by 12.3% in the 2nd quarter. Private Bank & Trust Co. now owns 30,322 shares of the healthcare product maker’s stock worth $1,473,000 after purchasing an additional 3,330 shares during the period. Comerica Securities Inc. acquired a new position in Abbott Laboratories in the 1st quarter worth $2,833,000. AQR Capital Management LLC boosted its stake in Abbott Laboratories by 264.8% in the 1st quarter. AQR Capital Management LLC now owns 634,391 shares of the healthcare product maker’s stock worth $28,173,000 after purchasing an additional 460,477 shares during the period. Finally, Century Capital Management LLC acquired a new position in Abbott Laboratories in the 1st quarter worth $4,332,000. 70.64% of the stock is owned by hedge funds and other institutional investors.

Abbott Laboratories Company Profile

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States.

Insider Buying and Selling by Quarter for Abbott Laboratories (NYSE:ABT)

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